Description
Property
The property comprises two retail and leisure units, located adjacent to the Savoy Cinema and new South Kesteven District Council offices, within the heart of the Town Centre. The cinema generated close to 300,000 visitor trips during its first year of trading pre - covid and we understand the business is now trading back at a similar pre - covid level.
Both units are new and finished to an ‘enhanced’ shell specification ready to be fitted out to suit any business’ requirements. There is a shop front in-situ and a large multi storey car park - (Wetham Car Park) immediately to the east of the property for use by visitors to the scheme.
Location
Grantham is a well established South Lincolnshire Market Town located about 32 miles south of Lincoln and 24 miles east of Nottingham. It has a population of a circa 38,000 with a large catchment area from the surrounding villages and towns. Grantham is also located adjacent to the A1 and is situated the East Coast main rail line to London Kings Cross.
Grantham’s prime shopping street is St Peters Hill and the town’s main shopping centre, The Sir Isaac Newton Shopping Centre is close by to the units. The town centre has recently been allocated £5.5 million from the ‘Future High Street’ fund, which is to be spent on improvements within the wider area around the property.
The town provides a good range of local facilities and educational centres including one of the best regarded secondary schools in the county, The Kings Grammar School, Kesteven & Grantham Girls School, and a new University centre which serves the whole district, all of which are located within easy walking distance of the property.
Services
We understand that mains water, electricity and drainage supplies are available and connected to the property. These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.
Town & Country planning
We understand that the property has consent for uses falling within Class E (Commercial, Business & Services Use) of the Town and Country Planning (Use Classes) Order 1987 (as amended). Class E now encompasses a number of uses formerly known as A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Cafés), B1 (Business) and D1 (Clinics, Health Centre, Crèche & Day Nurseries).
Interested parties are advised to make their own investigations with the Local Planning Authority.
Tenure
The units are available To Let by way of a new Full Repairing and Insuring leases, for a term to be agreed.
Service Charge
A service charge may be levied to cover the upkeep, maintenance and repair of all common parts of the development.
VAT
VAT may be charged in addition to the rent at the prevailing rate.
LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.